Teamsters said on Sunday its members at US retailer Costco Wholesale voted in favor of a nationwide strike, as they entered a final round of talks to reach a new contract ahead of a Jan. 31 deadline.
The Costco Teamsters approved a strike if a contract agreement is not met by Jan. 31, when its current deal with the retailer expires. The union represents more than 18,000 employees nationwide.
The more than 18,000 Costco Wholesale (COST) employees represented by the International Brotherhood of Teamsters union voted to authorize a nationwide strike should they not reach a new labor agreement by the end of the month.
Thousand of Costco Teamsters across the U.S. are preparing to strike by the end of the month if the company does not present a "fair contract offer," the union says.
Costco Wholesale Corporation workers have voted in favour of nationwide strike action as a deadline on discussions over new contracts approached. Union Teamsters said on Sunday that 85% of its Costo worker members had opted to authorize strike action.
Costco (COST 2.55%) boasts a membership renewal rate of over 90%.
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Teamsters said on Sunday its members at U.S. retailer Costco Wholesale voted in favor of a nationwide strike, as they entered a final round of talks to reach a new contract ahead of a Jan. 31 deadline.
Costco workers affiliated with the Teamsters union have voted in favor of going on strike. The strike will start if no deal is reached by the January 31 deadline.
Costco (COST 0.80%) is arguably the best brick-and-mortar business in the world.
Costco (COST) closed the most recent trading day at $919.75, moving -0.41% from the previous trading session.
Costco Wholesale Corporation's COST December sales results are in, offering valuable insights into its performance during the holiday season. Amid mixed retail trends, investors are contemplating whether Costco is still a compelling buy, or is holding onto existing shares the smarter choice for now?